Do you own an Apple device? Earlier this year, Apple announced during its first-quarter earnings results that the total number of active Apple devices has surpassed 1 billion. This is thanks in large part to Apple Watch, Apple TV, iPad and iPhone users.
In quarter one of 2016 alone, the company sold 74.78 million iPhones which was the largest contributor to the $18.4 billion in profit on sales the company made. It’s no doubt that Apple is a leading global technology company that leaves many consumers on the edge of their seats with anticipation about what types of devices, software and online services will be next.
What is Apple’s Net Worth?
Apple is the second most valuable company on the planet (after Google) with a recent net worth of around $586 billion, according to Forbes. Over a year ago however, Apple was worth $775 billion.
Apple was founded by Steve Jobs, Steve Wozniak and Ronald Wayne in April of 1976 originally as a computer company. The following year the company became incorporated as Apple Computer, Inc. and was renamed as Apple, Inc. in 2007.
I remember seeing my first Apple computer in 2006 when in high school. Their computers look a lot different now, 10 years later, but they still have the unique design, quality, and features that set them apart from other computer and technology companies.
What Makes Apple So Valuable?
What makes Apple so valuable is subject to debate because not everyone places the same level of value on this company as there are still some people who don’t use Apple products. They are no doubt more expensive than others, but in my opinion, most products noticeably last longer than competitors and are valued higher as a whole.
For example, if you tried to sell your original iPod on Ebay and an older Sony MP3 player, you can expect to receive anywhere from $100-$400+ for your iPod that was made most likely more than 10 years ago and about $40-$80 for an MP3 player manufactured around the same time. You can check eBay on your own to see that evidence.
One of the main reasons why I believe Apple has become and remained so valuable is due to their innovation and ability to think outside of the box each and every year. It’s important for a leading global company to evolve years after year and Apple has done that.
From the iPod to the Mac Books, the iPad, the iPhone and now the Apple Watch, this company has consistently come up with quality and innovative products before consumers even asked for them which is key. Apple set itself up as a thought leader and authoritative figure in the technology industry by setting its own trends and communicating to customers what they may want or need before they have narrowed down what their interests are.
It’s kind of like when you walk into a store and you secretly want someone to tell you what they think you may need.
Does Apple’s Future Look Bright?
As mentioned before, Apple’s net worth has dropped significantly over the past year, but I don’t think it will stay down behind Google. Apple is not only valuable to consumers, it’s also listed as #37 on America’s best list of employers, #31 on Canada’s best list of employers and takes care of it’s shareholders as well.
Stocks are available for anyone wishing to hold a share of Apple. If the demand for Apple products rises along with prices, the stock price will become higher but it would be wise to look into Apple’s stock now as the company shows no sign of slowing down.
Photo: Flickr: c_ambler